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SERBIA PAID $1.2 BIL KOSOVO’S DEBTS PDF Print E-mail

Dejan Jovović, scientific adviser-expert in international finances; consultant to Serbia's Chamber of Commerce's bureau for regional cooperation

In the last 11 years Kosovo and Metohija (KiM) have been under international protection. After the NATO bombing of FR Yugoslavia in 1999, KiM has been under UN (UNMIK) administration. According to the 1244 Resolution of UN SC from June 10th 1999, KiM is a part of Serbia, but under UN control. The sovereignty and territorial integrity of FR Yugoslavia (that is to say, its legal descendant Republic of Serbia) have been preserved, but Serbian authority over the province has been suspended. The resolution established mechanisms for the actions of UNMIK and KFOR, as well as for EULEX at the end of 2008. The economy of KiM is characterised by highly liberalised trade, firm monetary politics, a low inflation rate and the euro as the de facto domestic currency (the dinar is used in areas populated
by Serbs). Agricultural production has been significantly increased; the most apparent increase being in the production of wheat, beef and dairy.

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